I seem to remember a similar concept being used in fighter aircraft. The pilot would hear certain directional sounds to indicate inbound missiles. The advantage of using sound over a visual display was that the human mind is apparently very good a detecting the direction where a sound is coming from, and it avoids overloading the visual display further.
I've also heard of using sound in the monitoring systems for mechanical equipment. Operational events are assigned a certain sound, and a "normal" state of the equipment would have certain patterns and frequencies that an operator would recognize as normal. The operator doesn't have to know what each individual sound means. If something abnormal happens, the operator get a "sense" that something is wrong by the change in tempo / frequency, etc.
If done properly, I think that adding sound feedback to a network / firewall monitoring application could be useful.